META PLATFORMS, INC., 10-Q filed on 5/1/2025
Quarterly Report
v3.25.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2025
Apr. 25, 2025
Entity Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 001-35551  
Entity Registrant Name Meta Platforms, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 20-1665019  
Entity Address, Address Line One 1 Meta Way  
Entity Address, City or Town Menlo Park  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94025  
City Area Code 650  
Local Phone Number 543-4800  
Title of 12(b) Security Class A Common Stock, $0.000006 par value  
Trading Symbol META  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0001326801  
Current Fiscal Year End Date --12-31  
Class A    
Entity Information    
Entity Common Stock, Shares Outstanding   2,171,148,098
Class B    
Entity Information    
Entity Common Stock, Shares Outstanding   343,179,151
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 28,750 $ 43,889
Marketable securities 41,480 33,926
Accounts receivable, net 14,514 16,994
Prepaid expenses and other current assets 5,483 5,236
Total current assets 90,227 100,045
Non-marketable equity securities 6,168 6,070
Property and equipment, net 133,567 121,346
Operating lease right-of-use assets 15,505 14,922
Goodwill 20,654 20,654
Other assets 14,092 13,017
Total assets 280,213 276,054
Current liabilities:    
Accounts payable 8,512 7,687
Operating lease liabilities, current 1,976 1,942
Accrued expenses and other current liabilities 23,402 23,967
Total current liabilities 33,890 33,596
Operating lease liabilities, non-current 18,714 18,292
Long-term debt 28,829 28,826
Long-term income taxes 10,991 9,987
Other liabilities 2,760 2,716
Total liabilities 95,184 93,417
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,180 million and 2,190 million shares issued and outstanding, as of March 31, 2025 and December 31, 2024, respectively; 4,141 million Class B shares authorized, 343 million and 344 million shares issued and outstanding, as of March 31, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 85,568 83,228
Accumulated other comprehensive loss (1,865) (3,097)
Retained earnings 101,326 102,506
Total stockholders' equity 185,029 182,637
Total liabilities and stockholders' equity $ 280,213 $ 276,054
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
shares in Millions
Mar. 31, 2025
Dec. 31, 2024
Stockholders' equity:    
Common stock, par value (in dollars per share) $ 0.000006 $ 0.000006
Class A Common Stock    
Stockholders' equity:    
Common stock, shares authorized (in shares) 5,000 5,000
Common stock, shares issued (in shares) 2,180 2,190
Common stock, shares outstanding (in shares) 2,180 2,190
Class B Common Stock    
Stockholders' equity:    
Common stock, shares authorized (in shares) 4,141 4,141
Common stock, shares issued (in shares) 343 344
Common stock, shares outstanding (in shares) 343 344
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 42,314 $ 36,455
Costs and expenses:    
Cost of revenue 7,572 6,640
Research and development 12,150 9,978
Marketing and sales 2,757 2,564
General and administrative 2,280 3,455
Total costs and expenses 24,759 22,637
Income (loss) from operations 17,555 13,818
Interest and other income, net 827 365
Income before provision for income taxes 18,382 14,183
Provision for income taxes 1,738 1,814
Net income $ 16,644 $ 12,369
Earnings per share:    
Basic (in dollars per share) $ 6.59 $ 4.86
Diluted (in dollars per share) $ 6.43 $ 4.71
Weighted-average shares used to compute earnings per share:    
Basic (in shares) 2,527 2,545
Diluted (in shares) 2,590 2,625
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 16,644 $ 12,369
Other comprehensive income (loss):    
Change in foreign currency translation adjustment, net of tax 893 (545)
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax 339 45
Comprehensive income $ 17,876 $ 11,869
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Class A and Class B Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Balances at beginning of period (in shares) at Dec. 31, 2023   2,561      
Balances at beginning of period at Dec. 31, 2023 $ 153,168 $ 0 $ 73,253 $ (2,155) $ 82,070
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares)   16      
Shares withheld related to net share settlement (in shares)   (6)      
Shares withheld related to net share settlement (3,162)   (1,424)   (1,738)
Share-based compensation 3,562   3,562    
Share repurchases (in shares)   (34)      
Share repurchases (14,635)       (14,635)
Dividends and dividend equivalents declared [1] (1,273)       (1,273)
Other comprehensive income (loss) (500)     (500)  
Net income 12,369       12,369
Balances at end of period (in shares) at Mar. 31, 2024   2,537      
Balances at end of period at Mar. 31, 2024 149,529 $ 0 75,391 (2,655) 76,793
Balances at beginning of period (in shares) at Dec. 31, 2024   2,534      
Balances at beginning of period at Dec. 31, 2024 182,637 $ 0 83,228 (3,097) 102,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares)   16      
Shares withheld related to net share settlement (in shares)   (8)      
Shares withheld related to net share settlement (4,883)   (1,807)   (3,076)
Share-based compensation 4,147   4,147    
Share repurchases (in shares)   (19)      
Share repurchases (13,398)       (13,398)
Dividends and dividend equivalents declared [1] (1,342)       (1,342)
Other (8)       (8)
Other comprehensive income (loss) 1,232     1,232  
Net income 16,644       16,644
Balances at end of period (in shares) at Mar. 31, 2025   2,523      
Balances at end of period at Mar. 31, 2025 $ 185,029 $ 0 $ 85,568 $ (1,865) $ 101,326
[1] Dividend per share was $0.525 and $0.50 for the three months ended March 31, 2025 and 2024, respectively.
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]    
Dividends and dividend equivalents declared (in dollars per share) $ 0.525 $ 0.50
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 16,644 $ 12,369
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,900 3,374
Share-based compensation 4,147 3,562
Deferred income taxes (993) (456)
Other (231) 174
Changes in assets and liabilities:    
Accounts receivable 2,804 2,520
Prepaid expenses and other current assets 360 100
Other assets (52) (94)
Accounts payable (1,034) (1,112)
Accrued expenses and other current liabilities (2,231) (1,274)
Other liabilities 712 83
Net cash provided by operating activities 24,026 19,246
Cash flows from investing activities    
Purchases of property and equipment (12,941) (6,400)
Purchases of marketable securities (11,763) (6,887)
Sales and maturities of marketable securities 4,784 4,625
Other investing activities (90) (72)
Net cash used in investing activities (20,010) (8,734)
Cash flows from financing activities    
Taxes paid related to net share settlement of equity awards (4,883) (3,162)
Repurchases of Class A common stock (12,754) (15,008)
Payments for dividends and dividend equivalents (1,329) (1,273)
Principal payments on finance leases (751) (315)
Other financing activities 222 (9)
Net cash used in financing activities (19,495) (19,767)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash equivalents 112 (288)
Net decrease in cash, cash equivalents, and restricted cash equivalents (15,367) (9,543)
Cash, cash equivalents, and restricted cash equivalents at beginning of the period 45,438 42,827
Cash, cash equivalents, and restricted cash equivalents at end of the period 30,071 33,284
Reconciliation of cash, cash equivalents, and restricted cash equivalents to the condensed consolidated balance sheets    
Cash and cash equivalents 28,750 32,307
Restricted cash equivalents, included in prepaid expenses and other current assets 71 84
Restricted cash equivalents, included in other assets 1,250 893
Total cash, cash equivalents, and restricted cash equivalents 30,071 33,284
Supplemental cash flow data    
Cash paid for income taxes, net 448 630
Cash paid for interest, net of amounts capitalized 352 121
Non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses and other current liabilities 9,338 4,217
Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities 159 116
Repurchases of Class A common stock in accrued expenses and other current liabilities $ 577 $ 0
v3.25.1
Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2024.

The condensed consolidated balance sheet as of December 31, 2024 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP.

The condensed consolidated financial statements include the accounts of Meta Platforms, Inc., its subsidiaries where we have controlling financial interests, and any variable interest entities for which we are deemed to be the primary beneficiary. All intercompany balances and transactions have been eliminated.

The accompanying condensed consolidated financial statements reflect all normal recurring adjustments that are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year.

Use of Estimates

Preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities, which are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including, but not limited to, those related to loss contingencies, income taxes, valuation of long-lived assets and their associated estimated useful lives, valuation of non-marketable equity securities, revenue recognition, valuation of goodwill, credit losses of available-for-sale debt securities and accounts receivable, and fair value of financial instruments and leases. These estimates are based on management's knowledge about current events, interpretation of regulations, and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.

In January 2025, we completed an assessment of the useful lives of property and equipment, which resulted in an increase in the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025. Based on the servers and network assets placed in service as of December 31, 2024, the financial impact of this change in estimate included a reduction in depreciation expense of $826 million and an increase in net income of $695 million, or $0.27 per diluted share, for the three months ended March 31, 2025.

Significant Accounting Policies

There have been no material changes to our significant accounting policies from our Annual Report on Form 10-K for the year ended December 31, 2024.
v3.25.1
Revenue
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue disaggregated by revenue source and by segment consists of the following (in millions):
 Three Months Ended March 31,
 20252024
Advertising$41,392 $35,635 
Other revenue510 380 
Family of Apps41,902 36,015 
Reality Labs412 440 
Total revenue$42,314 $36,455 

Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions):
 Three Months Ended March 31,
 20252024
United States and Canada (1)
$16,869 $13,646 
Europe (2)
9,621 8,404 
Asia-Pacific (1)
11,239 10,312 
Rest of World (2)
4,585 4,093 
Total revenue$42,314 $36,455 
____________________________________
(1)In the first quarter of 2025, we made changes to our sales arrangements with certain Asia-Pacific advertisers to sell ads to such advertisers through their international subsidiaries. Absent these changes, approximately $300 million of revenue reflected under United States and Canada would have been reflected as Asia-Pacific revenue.
(2)Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East.

Total deferred revenue was $778 million and $772 million as of March 31, 2025 and December 31, 2024, respectively. As of March 31, 2025, we expect most of the deferred revenue to be realized in less than a year.
v3.25.1
Earnings per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present the earnings per share (EPS) for Class A and Class B common stock together.

Basic EPS is computed by dividing net income by the weighted-average number of shares of our common stock outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of fully diluted common stock outstanding and assumes the conversion of our Class B common stock to Class A common stock.

For the three months ended March 31, 2025 and 2024, approximately 1 million and 5 million shares of Class A common stock equivalent of restricted stock units (RSUs), respectively, were excluded from the diluted EPS calculation as including them would have an anti-dilutive effect.

The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts):
 Three Months Ended March 31,
 20252024
Basic EPS:
Numerator
Distributed earnings$1,329 $1,273 
Undistributed earnings15,315 11,096 
Net income$16,644 $12,369 
Denominator
Shares used in computation of basic EPS (1)
2,527 2,545 
Basic EPS$6.59 $4.86 
Diluted EPS:
Numerator
Net income for diluted EPS$16,644 $12,369 
Denominator
Shares used in computation of basic EPS (1)
2,527 2,545 
Effect of dilutive RSUs63 80 
Shares used in computation of diluted EPS2,590 2,625 
Diluted EPS$6.43 $4.71 
____________________________________
(1)Includes 2,184 million and 2,197 million shares of Class A common stock and 343 million and 348 million shares of Class B common stock, for the three months ended March 31, 2025 and 2024, respectively.

EPS for Class B common stock is not presented separately as under the two-class method Class A and Class B EPS is not meaningfully different.
v3.25.1
Financial Instruments
 3 Months Ended
Mar. 31, 2025
Financial Instruments [Abstract]  
Financial Instruments Financial Instruments
Fair Value Measurements

Our cash equivalents, marketable securities, and restricted cash equivalents are classified within Level 1 or Level 2 of the fair value hierarchy because their fair values are derived from quoted market prices or alternative pricing sources and models utilizing market observable inputs. Certain other assets are classified within Level 3 because factors used to develop the estimated fair value are unobservable inputs that are not supported by market activity.

The following tables summarize our assets measured at fair value on a recurring basis and the classification by level of input within the fair value hierarchy (in millions):
  Fair Value Measurement at Reporting Date Using
DescriptionMarch 31, 2025Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash equivalents:
Money market funds$23,437 $23,437 $— $— 
U.S. government securities494 494 — — 
Time deposits394 — 394 — 
Corporate debt securities263 — 263 — 
Total cash equivalents24,588 23,931 657 — 
Marketable securities:
U.S. government securities18,381 18,381 — — 
U.S. government agency securities2,801 2,801 — — 
Corporate debt securities17,212 — 17,212 — 
Marketable equity securities3,086 3,086 — — 
Total marketable securities41,480 24,268 17,212 — 
Restricted cash equivalents1,176 1,176 — — 
Other assets104 — — 104 
Total$67,348 $49,375 $17,869 $104 
  Fair Value Measurement at Reporting Date Using
DescriptionDecember 31, 2024Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash equivalents:
Money market funds$36,165 $36,165 $— $— 
U.S. government and agency securities23 23 — — 
Time deposits369 — 369 — 
Corporate debt securities114 — 114 — 
Total cash equivalents36,671 36,188 483 — 
Marketable securities:
U.S. government securities14,889 14,889 — — 
U.S. government agency securities3,053 3,053 — — 
Corporate debt securities14,758 — 14,758 — 
Marketable equity securities1,226 1,226 — — 
Total marketable securities33,926 19,168 14,758 — 
Restricted cash equivalents1,193 1,193 — — 
Other assets101 — — 101 
Total$71,891 $56,549 $15,241 $101 

Unrealized Losses

The following tables summarize our available-for-sale marketable debt securities and cash equivalents with unrealized losses as of March 31, 2025 and December 31, 2024, aggregated by major security type and the length of time that individual securities have been in a continuous loss position (in millions):
March 31, 2025
Less than 12 months12 months or greaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. government securities$2,863 $(19)$4,134 $(104)$6,997 $(123)
U.S. government agency securities248 (1)1,556 (24)1,804 (25)
Corporate debt securities1,479 (7)5,049 (125)6,528 (132)
Total$4,590 $(27)$10,739 $(253)$15,329 $(280)
December 31, 2024
Less than 12 months12 months or greaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. government securities$6,860 $(71)$4,330 $(146)$11,190 $(217)
U.S. government agency securities435 (2)2,083 (44)2,518 (46)
Corporate debt securities2,989 (26)6,373 (192)9,362 (218)
Total$10,284 $(99)$12,786 $(382)$23,070 $(481)

The allowance for credit losses and the gross unrealized gains on our marketable debt securities were not material as of March 31, 2025 and December 31, 2024.
Contractual Maturities

The following table classifies our marketable debt securities by contractual maturities (in millions):
March 31, 2025
Due within one year$7,007 
Due after one year to five years31,387 
Total$38,394 
v3.25.1
Non-marketable Equity Securities
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Non-marketable Equity Securities Non-marketable Equity Securities
Our non-marketable equity securities are investments in privately-held companies without readily determinable fair values. The following table summarizes our non-marketable equity securities that were measured using measurement alternative and equity method (in millions):

March 31, 2025December 31, 2024
Non-marketable equity securities under measurement alternative:
Initial cost$6,443 $6,342 
Cumulative upward adjustments300 300 
Cumulative impairment/downward adjustments(624)(624)
Carrying value6,119 6,018 
Non-marketable equity securities under equity method49 52 
Total non-marketable equity securities$6,168 $6,070 
v3.25.1
Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions): 
March 31, 2025December 31, 2024
Land$2,680 $2,561 
Servers and network assets75,859 68,397 
Buildings48,442 47,076 
Leasehold improvements7,347 7,293 
Equipment and other7,290 7,150 
Finance lease right-of-use assets6,103 5,384 
Construction in progress32,385 26,802 
Property and equipment, gross180,106 164,663 
Less: Accumulated depreciation(46,539)(43,317)
Property and equipment, net$133,567 $121,346 

Construction in progress includes costs mostly related to construction of data centers, network infrastructure and servers. Depreciation expense on property and equipment was $3.84 billion and $3.33 billion for the three months ended March 31, 2025 and 2024, respectively. Within property and equipment, our servers and network assets depreciation expenses were $2.63 billion and $2.35 billion for the three months ended March 31, 2025 and 2024, respectively. We extended the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025. See Note 1 — Summary of Significant Accounting Policies - Use of Estimates.
v3.25.1
Long-term Debt
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt Long-term Debt
The carrying amount of our long-term debt in the form of fixed-rate senior unsecured notes (the Notes) was $28.83 billion as of March 31, 2025 and December 31, 2024. The total estimated fair value of our outstanding Notes was $28.16 billion and $27.83 billion as of March 31, 2025 and December 31, 2024, respectively. The fair value was determined based on the quoted prices for the Notes as of each reporting date, and is categorized accordingly as Level 2 in the fair value hierarchy.
v3.25.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Leases and Contractual Commitments

In addition to the lease liabilities that are included on our balance sheet, we have operating and finance leases that have not yet commenced as of March 31, 2025. These lease obligations were approximately $35.27 billion, mostly for data centers, certain network infrastructure, and colocations, which will commence between the remainder of 2025 and 2034.

We also have $30.05 billion of non-cancelable contractual commitments as of March 31, 2025, which are primarily related to our investments in servers and network infrastructure, and content costs, with $23.41 billion due in 2025.

Additionally, as part of the normal course of business, we have entered into multi-year agreements to purchase renewable energy that do not specify a fixed or minimum volume commitment. We enter into these agreements in order to secure price. The ultimate spend under these agreements may vary and will be based on actual volume purchased.

Legal and Related Matters

With respect to the cases, actions, and inquiries described below, we evaluate the associated developments on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. In addition, we believe there is a reasonable possibility that we may incur a loss in some of these matters. Unless otherwise noted, with respect to the matters described below that do not include an estimate of the amount of loss or range of possible loss, such losses or range of possible losses either cannot be estimated or are not individually material, but we believe there is a reasonable possibility that they may be material in the aggregate.

We are also party to various other legal proceedings, claims, and regulatory, tax or government inquiries and investigations that arise in the ordinary course of business. Additionally, we are required to comply with various legal and regulatory obligations around the world. The requirements for complying with these obligations may be uncertain and subject to interpretation and enforcement by regulatory and other authorities, and any failure to comply with such obligations could eventually lead to asserted legal or regulatory action. With respect to these other legal proceedings, claims, regulatory, tax, or government inquiries and investigations, and other matters, asserted and unasserted, we evaluate the associated developments on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. In addition, we believe there is a reasonable possibility that we may incur a loss in some of these other matters. We believe that the amount of losses or any estimable range of possible losses with respect to these other matters will not, either individually or in the aggregate, have a material adverse effect on our business and condensed consolidated financial statements.

The ultimate outcome of the legal and related matters described in this section, such as whether the likelihood of loss is remote, reasonably possible, or probable, or if and when the reasonably possible range of loss is estimable, is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's estimates of loss, our results of operations and financial condition, including in a particular reporting period in which any such outcome becomes probable and estimable, could be materially adversely affected.

For information regarding income tax contingencies, see Note 10 — Income Taxes.
Privacy and Related Matters

Beginning on March 20, 2018, multiple putative class actions were filed in state and federal courts in the United States and elsewhere against us and certain of our directors and officers alleging various causes of action in connection with our platform and user data practices as well as the misuse of certain data by a developer that shared such data with third parties in violation of our terms and policies, and seeking unspecified damages and injunctive relief. With respect to the putative class actions alleging fraud and violations of consumer protection, privacy, and other laws in connection with the same matters, several of the cases brought on behalf of consumers in the United States were consolidated in the U.S. District Court for the Northern District of California (In re Facebook, Inc., Consumer Privacy User Profile Litigation). On September 9, 2019, the court granted, in part, and denied, in part, our motion to dismiss the consolidated putative consumer class action. On December 22, 2022, the parties entered into a settlement agreement to resolve the lawsuit, which provides for a payment of $725 million by us. The settlement was approved by the court on October 10, 2023, and the payment was made in November 2023. Two objectors appealed final approval (one of which was voluntarily dismissed as of June 24, 2024). The objection was overruled on February 13, 2025. In addition, our platform and user data practices, as well as the events surrounding the misuse of certain data by a developer, became the subject of U.S. Federal Trade Commission (FTC), state attorneys general, and other government inquiries in the United States, Europe, and other jurisdictions. We entered into a settlement and modified consent order to resolve the FTC inquiry, which took effect in April 2020. Among other matters, our settlement with the FTC required us to pay a penalty of $5.0 billion which was paid in April 2020 upon the effectiveness of the modified consent order. The state attorneys general inquiries and litigation and certain government inquiries in other jurisdictions remain ongoing. On June 1, 2023, the court presiding over the lawsuit filed by the District of Columbia granted our motion for summary judgment, resolving the case in our favor. On June 29, 2023, the District of Columbia filed a notice of appeal. The appeal was heard on January 30, 2025 and the court has yet to rule. Trial in the New Mexico Attorney General's case is scheduled to begin on December 1, 2025. On July 16, 2021, a stockholder derivative action was filed in Delaware Court of Chancery against certain of our directors and officers asserting breach of fiduciary duty and related claims relating to our historical platform and user data practices, as well as our settlement with the FTC. On July 20, 2021, other stockholders filed an amended derivative complaint in a related Delaware Chancery Court action, asserting breach of fiduciary duty and related claims against certain of our current and former directors and officers in connection with our historical platform and user data practices. On November 4, 2021, the lead plaintiffs filed a second amended and consolidated complaint in the stockholder derivative action. The pending consolidated matter is In re Facebook Inc. Derivative Litigation. On January 19, 2022, we filed a motion to dismiss, which was denied in part on May 10, 2023. The insider trading claim was dismissed as to all defendants except Mark Zuckerberg, and the motion was denied as to the breach of fiduciary duty claims. Trial is scheduled to begin on July 16, 2025.

On May 3, 2023, the FTC filed a public administrative proceeding (In the Matter of Facebook, Inc.) seeking substantial changes to the modified consent order, which took effect in April 2020 after its entry by the U.S. District Court for the District of Columbia. The changes sought by the FTC are set forth in a proposed order and include, among others, a prohibition on our use of minors' data for any commercial purposes, changes to the composition of our board of directors, and significant limitations on our ability to modify and launch new products. On May 31, 2023, we filed a motion before the U.S. District Court for the District of Columbia seeking to enjoin the FTC from further pursuing its agency process to modify the modified consent order. On November 27, 2023, the district court denied our motion, and we then appealed to the U.S. Court of Appeals for the District of Columbia Circuit (U.S. v. Facebook, Inc.) and sought to stay the FTC proceeding pending resolution of the appeal. Our motion for a stay pending appeal was denied in March 2024. The underlying appeal was then briefed and oral argument was held on November 5, 2024. The U.S. Court of Appeals for the District of Columbia Circuit has yet to rule.

On November 29, 2023, we separately filed a complaint, also in the U.S. District Court for the District of Columbia (Meta Platforms, Inc. v. FTC), asserting constitutional challenges to the structure of the FTC, and seeking to preliminarily enjoin the FTC proceeding during the pendency of the litigation. On December 13, 2023, the FTC filed an opposition to our motion for preliminary injunction and a motion to dismiss the complaint. On March 14, 2024, the district court denied our motion to preliminarily enjoin the FTC proceeding during the pendency of the litigation, and also denied the FTC's motion to dismiss our complaint without prejudice, pending the U.S. Supreme Court's decision in SEC v. Jarkesy (Jarkesy). Our motion for a stay of the FTC proceeding pending appeal was denied in March 2024. Both the district court action and the appeal were stayed pending the Supreme Court's decision in Jarkesy. Following the Supreme Court's ruling in Jarkesy on June 27, 2024, the government filed a renewed motion to dismiss, which was fully briefed as of October 18, 2024. The district court has yet to rule. The parties are required to report back to the circuit court within 30 days of the district court's disposition of the FTC's motion to dismiss.
On April 1, 2024, we filed our response to the FTC's Order to Show Cause, arguing, among other things, that the Order to Show Cause proceeding was legally improper. Per FTC orders, we completed briefing on threshold legal issues on July 18, 2024, and the FTC held oral argument before the Commissioners on those issues on November 12, 2024. On January 10, 2025, the Commission issued a decision on certain threshold legal issues, including that the Commission has statutory authority to modify consent orders. The Commission stated that its decision is subject to Meta’s jurisdictional challenges currently pending before the U.S. Court of Appeals for the District of Columbia Circuit in U.S. v. Facebook, Inc., and that the nature and scope of any further administrative proceedings would be addressed at a later date. Through the administrative process, the FTC could amend the order to impose the additional requirements set forth in the proposed order. We should have the opportunity to appeal an FTC decision modifying the order and could request the appellate court to stay the enforcement of the modifications to the order while the appeal is pending. It is unclear whether the appeal or the request for a stay would be successful.

We also notify the Irish Data Protection Commission (IDPC), our lead European Union privacy regulator under the General Data Protection Regulation (GDPR), of certain other personal data breaches and privacy issues, issue similar notifications to European regulators under other laws (such as UK GDPR and Member State implementations of the ePrivacy Directive), and are subject to inquiries and investigations by the IDPC and other European regulators regarding various aspects of our regulatory compliance. For example, the IDPC is continuing to assess the compliance of our "subscription for no ads" consent model with requirements under the GDPR. In addition, on May 12, 2023, the IDPC issued a Final Decision concluding that Meta Platforms Ireland's reliance on Standard Contractual Clauses in respect of certain transfers of European Economic Area (EEA) Facebook user data was not in compliance with the GDPR. The IDPC issued an administrative fine of EUR €1.2 billion as well as corrective orders, which is described further in "Legal Proceedings" contained in Part II, Item 1 of this Quarterly Report on Form 10-Q. The interpretation of the GDPR is still evolving, including through decisions of the Court of Justice of the European Union, and draft decisions in investigations by the IDPC are subject to review by other European privacy regulators as part of the GDPR's cooperation and consistency mechanisms, which may lead to significant changes in the final outcome of such investigations. As a result, the interpretation and enforcement of the GDPR, as well as the imposition and amount of penalties for non-compliance, are subject to significant uncertainty. Although we are vigorously defending our regulatory compliance, we have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material individually or in the aggregate.

Beginning on June 7, 2021, multiple putative class actions were filed against us alleging that we improperly received individuals' information from third-party websites or apps via our business tools in violation of our terms and various state and federal laws and seeking unspecified damages and injunctive relief (for example, In re Meta Pixel Healthcare Litigation; In re Meta Pixel Tax Filing Cases; Frasco v. Flo Health, Inc.; Doe v. Hey Favor, Inc. et al.; Doe v. GoodRx Holdings, Inc. et al. in the U.S. District Court for the Northern District of California; and Rickwalder, et al. v. Meta Platforms, Inc. in the Santa Clara County Superior Court). These cases are in different stages, but several of our motions to dismiss have been denied in whole or in part, while certain others have been granted in whole or in part. In Rickwalder, the Superior Court denied plaintiffs' motion for class certification and the plaintiffs have filed a notice of appeal of that decision. Trial for the Flo Health case is scheduled to begin on July 14, 2025.

Competition

We are subject to various litigation and government inquiries and investigations, formal or informal, by competition authorities in the United States, Europe, and other jurisdictions. Such investigations, inquiries, and lawsuits concern, among other things, our business practices in the areas of social networking or social media services, digital advertising, and/or mobile or online applications, as well as our acquisitions. For example, in 2019 we became the subject of antitrust investigations by the FTC and U.S. Department of Justice. On December 9, 2020, the FTC filed a complaint (FTC v. Meta Platforms, Inc.) against us in the U.S. District Court for the District of Columbia alleging that we engaged in anticompetitive conduct and unfair methods of competition in violation of Section 5 of the Federal Trade Commission Act and Section 2 of the Sherman Act, including by acquiring Instagram in 2012 and WhatsApp in 2014 and by maintaining conditions on access to our platform. The FTC sought a permanent injunction against our company's alleged violations of the antitrust laws, and other equitable relief, including divestiture or reconstruction of Instagram and WhatsApp. On June 28, 2021, the court granted our motion to dismiss the complaint filed by the FTC with leave to amend. On August 19, 2021, the FTC filed an amended complaint, and on October 4, 2021, we filed a motion to dismiss this amended complaint. On January 11, 2022, the court denied our motion to dismiss the FTC's amended complaint. On April 5, 2024, we filed our motion for summary judgment and the FTC filed its opposition and its own motion for partial summary judgment on May 24, 2024. On November 13, 2024, the court granted in part and denied in part both our and the FTC's motions for summary judgment. Trial began on
April 14, 2025, and the court is expected to issue a decision in the second half of 2025 or later. Multiple putative class actions have also been filed in state and federal courts in the United States and in the United Kingdom against us alleging violations of antitrust laws and other causes of action in connection with these acquisitions and/or other alleged anticompetitive conduct, and seeking damages and injunctive relief. Several of the cases brought on behalf of certain advertisers and users in the United States were consolidated in the U.S. District Court for the Northern District of California (Klein et al., v. Meta Platforms, Inc.). On January 14, 2022, the court granted, in part, and denied, in part, our motion to dismiss the consolidated actions. On March 1, 2022, a first amended consolidated complaint was filed in the putative class action brought on behalf of certain advertisers. On December 6, 2022, the court denied our motion to dismiss the first amended consolidated complaint filed in the putative class action brought on behalf of certain advertisers. On December 30, 2024, we filed our motion for summary judgment in the putative class action brought on behalf of certain advertisers. On January 24, 2025, the court denied plaintiffs' motion for class certification in the action brought on behalf of users, which the users have appealed, and has scheduled trials on an individual basis.

In December 2022, the European Commission issued a Statement of Objections alleging that we tie Facebook Marketplace to Facebook and use data in a manner that infringes European Union competition rules. On November 18, 2024, the European Commission issued a decision that Meta infringed Article 102 on the Treaty of the Functioning of the European Union in relation to certain alleged business practices relating to Facebook Marketplace and imposed a fine of approximately EUR €798 million. We appealed the European Commission's decision on January 28, 2025.

In March 2024, the European Commission opened an investigation into the compliance of our "subscription for no ads" consent model with requirements under Article 5(2) of the Digital Markets Act. The European Commission issued preliminary findings on July 1, 2024 reflecting its preliminary view that our model does not comply with such requirements. In April 2025, the European Commission issued a final decision that our "subscription for no ads" model does not comply with such requirements and imposed a fine of EUR €200 million. Based on feedback from the European Commission in connection with the DMA, we expect we will need to make some modifications to our model, which could result in a materially worse user experience for European users and a significant impact to our European business and revenue as early as the third quarter of 2025. We will appeal the European Commission's decision but any modifications to our model may be imposed before or during the appeal process.

Securities and Other Actions

Beginning on March 20, 2018, multiple putative class actions and derivative actions were filed in state and federal courts in the United States and elsewhere against us and certain of our directors and officers alleging violations of securities laws, breach of fiduciary duties, and other causes of action in connection with our platform and user data practices as well as the misuse of certain data by a developer that shared such data with third parties in violation of our terms and policies, and seeking unspecified damages and injunctive relief. Beginning on July 27, 2018, two putative class actions were filed in federal court in the United States against us and certain of our directors and officers alleging violations of securities laws in connection with the disclosure of our earnings results for the second quarter of 2018 and seeking unspecified damages. These two actions subsequently were transferred and consolidated in the U.S. District Court for the Northern District of California (In Re Facebook, Inc. Securities Litigation) with the putative securities class action described above relating to our platform and user data practices. In a series of orders in 2019 and 2020, the district court granted our motions to dismiss the plaintiffs' claims. On January 17, 2022, the plaintiffs filed a notice of appeal of the order dismissing their case, and on October 18, 2023, the U.S. Court of Appeals for the Ninth Circuit issued its decision affirming in part and reversing in part the district court's order dismissing the plaintiffs' case. We filed a petition for writ of certiorari on March 4, 2024 with the U.S. Supreme Court, seeking review of the Ninth Circuit's order. The Supreme Court granted in part our petition for writ of certiorari on June 10, 2024, and following oral argument issued an order on November 22, 2024 dismissing the grant of certiorari as improvidently granted. The case is pending before the district court.

We are also subject to other government inquiries and investigations relating to our business activities and disclosure practices. For example, beginning in September 2021, we became subject to government investigations and requests relating to a former employee's allegations and release of internal company documents concerning, among other things, our algorithms, advertising and user metrics, and content enforcement practices, as well as misinformation and other undesirable activity on our platform, and user well-being. We have since received additional requests relating to these and other topics. Beginning on October 27, 2021, multiple putative class actions and derivative actions were filed in the U.S. District Court for the Northern District of California against us and certain of our directors and officers alleging violations of securities laws, breach of fiduciary duties, and other causes of action in connection with the same matters, and seeking unspecified damages (Ohio Pub. Empl. Ret. Sys. v. Meta Platforms, Inc.). On September 30, 2024, the court dismissed certain claims with leave to
amend, but determined certain claims regarding content enforcement practices and user well-being could proceed against us and certain of our current and former directors and officers.

On March 8, 2022, a putative class action was filed in the U.S. District Court for the Northern District of California against us and certain of our directors and officers alleging violations of securities laws in connection with the disclosure of our earnings results for the fourth quarter of 2021 and seeking unspecified damages (Plumbers & Steamfitters Local 60 Pension Trust v. Meta Platforms, Inc.). On July 18, 2023, the court dismissed the claims against Meta and its officers with leave to amend. On September 18, 2023, the plaintiffs filed an amended complaint and on September 17, 2024, the court dismissed the claims with prejudice. On October 14, 2024, plaintiffs filed their notice of appeal. The appeal is fully briefed.

Youth-Related Actions

Beginning in January 2022, we became subject to litigation and other proceedings that were filed in various federal and state courts alleging that Facebook and Instagram cause "social media addiction" in users, with most proceedings focused on those under 18 years old, resulting in various mental health and other harms. Putative class actions have been filed in the United States, Brazil, and Canada on behalf of users in those jurisdictions, and numerous school districts, municipalities, and tribal nations have filed public nuisance claims in the United States, Brazil, and/or Canada based on similar allegations. On October 6, 2022, the U.S. federal cases were centralized in the U.S. District Court for the Northern District of California (In re Social Media Adolescent Addiction Product Liability Personal Injury Litigation). Beginning in March 2023, U.S. states and territories began filing lawsuits on these topics in various federal and state courts. These additional lawsuits include allegations regarding violations of the Children's Online Privacy Protection Act (COPPA), child sexual abuse material and other child safety concerns, as well as violations of state consumer protection laws, unfair business practices, public nuisance, and products liability, with proceedings focused on our alleged business practices (including the use of end-to-end encryption) and harms to users under 18 years old. These lawsuits seek damages and injunctive relief, and include cases filed by various state attorneys general in In re Social Media Adolescent Addiction Product Liability Personal Injury Litigation in the U.S. District Court for the Northern District of California, as well as various state courts around the country. The first group of personal injury cases is currently set for trial on November 25, 2025 in Judicial Council Coordination Proceeding No. 5255 pending in Los Angeles County California Superior Court. Beginning in November 2024, counsel for thousands of individual claimants began sending mass arbitration demands relating to “social media addiction” and related harms allegedly caused by Instagram.

We are also subject to government investigations and requests from multiple regulators in various jurisdictions globally concerning the use of our products and services, and the alleged mental and physical health and safety impacts on users, particularly younger users. On May 16, 2024, the European Commission opened formal proceedings assessing our compliance with certain requirements under Articles 28, 34, and 35 of the Digital Services Act (DSA), including the way in which we identified, assessed, and mitigated against certain systemic risks to minors and other vulnerable users that may stem from the design and functioning of Instagram and Facebook.

Other Actions

Beginning on August 15, 2018, multiple putative class actions were filed against us alleging that we inflated our estimates of the potential audience size for advertisements, resulting in artificially increased demand and higher prices. The cases were consolidated in the U.S. District Court for the Northern District of California (DZ Reserve v. Facebook, Inc.) and seek unspecified damages and injunctive relief. In a series of rulings in 2019, 2021, and 2022, the court dismissed certain of the plaintiffs' claims, but permitted their fraud and unfair competition claims to proceed. On March 29, 2022, the court granted the plaintiffs' motion for class certification. On March 21, 2024, the U.S. Court of Appeals for the Ninth Circuit affirmed in part and reversed in part the order granting class certification. On May 3, 2024, we filed a petition for panel rehearing and rehearing en banc, which was denied by the Ninth Circuit. We filed a petition for a writ of certiorari with the U.S. Supreme Court on October 2, 2024, which was denied. Trial is scheduled to begin on October 14, 2025.
Beginning on July 7, 2023, multiple cases, including putative class actions, were filed against us in the United States and elsewhere, alleging that we used various copyrighted books and materials to train our artificial intelligence models and seeking unspecified damages and injunctive relief. The cases in the United States, which were filed in the U.S. District Court for the Northern District of California (Kadrey, et al. v. Meta Platforms, Inc., Chabon, et al. v. Meta Platforms, Inc. and Farnsworth v. Meta Platforms, Inc.) and U.S. District Court for the Southern District of New York (Huckabee, et al. v. Meta Platforms, Inc. et al., which was subsequently transferred to the U.S. District Court for the Northern District of California), have been consolidated into Kadrey, et al. v. Meta Platforms, Inc. Motions for summary judgment will be heard in this case on May 1, 2025, including on the issue of the applicability of the fair use defense to use of copyrighted books for generative AI model training.

On April 30, 2024, the European Commission opened formal proceedings against us to assess Facebook and Instagram's compliance with certain requirements under Articles 14, 16, 17, 20, 24, 25, 34, 35, and 40 of the DSA, regarding a range of topics including elections, content reporting and appeals, third-party access to data, political content recommendations, potential deceptive advertising and disinformation, including the way in which we identified, assessed, and mitigated against certain systemic risks on Instagram and Facebook. We are also responding to regulatory inquiries and litigation related to allegedly deceptive advertising, including but not limited to financial scams, in other parts of the world.

On September 18, 2024, staff of the Consumer Financial Protection Bureau (CFPB or Bureau) initiated a Notice and Opportunity to Respond and Advise (NORA) process related to its investigation of advertising for financial products and services on our platform, informing us that staff may recommend to the Director of the CFPB that the Bureau take legal action alleging violations of the Consumer Financial Protection Act, including based on our alleged receipt and use for advertising of financial information from third parties through certain advertising tools as well as our related user disclosures and controls, and provided us with an opportunity to respond. We disagree with the claims staff is considering and believe an enforcement action is unwarranted, and have responded through the NORA process. The result of the NORA process is uncertain at this time.

In addition, we are subject to litigation and other proceedings involving law enforcement and other regulatory agencies, including in particular in Brazil, Russia, and other countries in Europe, in order to ascertain the precise scope of our legal obligations to comply with the requests of those agencies, including our obligation to disclose user information in particular circumstances. A number of such instances have resulted in the assessment of fines and penalties against us. We believe we have multiple legal grounds to satisfy these requests or prevail against associated fines and penalties, and we intend to vigorously defend such fines and penalties.
v3.25.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Capital Return Program

Share Repurchase

Our board of directors has authorized a share repurchase program of our Class A common stock, which commenced in January 2017 and does not have an expiration date. As of December 31, 2024, $51.28 billion remained available and authorized for repurchases under this program. During the three months ended March 31, 2025, we repurchased and subsequently retired 19 million shares of our Class A common stock for an aggregate amount of $13.40 billion, including excise taxes. As of March 31, 2025, $37.95 billion remained available and authorized for repurchases.
Dividend

The following table summarizes our dividends activities for the periods presented (in millions, except per share amounts):
Record DatePayment DateDividend Per ShareClass AClass BTotal
2025
March 14, 2025March 26, 2025$0.525 $1,145 $180 $1,325 
2024
February 22, 2024March 26, 2024$0.50 $1,099 $174 $1,273 
June 14, 2024June 26, 2024$0.50 $1,093 $173 $1,266 
September 16, 2024September 26, 2024$0.50 $1,090 $172 $1,262 
December 16, 2024December 27, 2024$0.50 $1,095 $172 $1,267 

Our board of directors increased our first quarter 2025 cash dividend by 5% to $0.525 per share of the outstanding Class A and Class B common stock. During the three months ended March 31, 2025 and in 2024, we also paid an immaterial amount of dividend equivalents on eligible equity awards which are not included above.

Share-based Compensation Plan

As of March 31, 2025, there were 465 million shares of our Class A common stock reserved for future issuance under our 2012 Equity Incentive Plan, which was most recently amended in May 2024 (Amended 2012 Plan).

The following table summarizes our share-based compensation expense, which consists of RSU expense, by line item in our condensed consolidated statements of income (in millions):
Three Months Ended March 31,
20252024
Cost of revenue$271 $221 
Research and development3,427 2,911 
Marketing and sales236 226 
General and administrative213 204 
Total$4,147 $3,562 

The following table summarizes the activities for our unvested RSUs for the three months ended March 31, 2025:
Number of SharesWeighted-Average Grant Date Fair Value Per Share
(in thousands)
Unvested at December 31, 2024122,632 $302.27 
Granted26,413 $592.50 
Vested(15,652)$272.36 
Forfeited(6,186)$293.84 
Unvested at March 31, 2025127,207 $366.63 

The fair value as of the respective vesting dates of RSUs that vested during the three months ended March 31, 2025 and 2024 was $11.53 billion and $7.58 billion, respectively. The income tax benefit recognized related to awards vested during the three months ended March 31, 2025 and 2024 was $2.36 billion and $1.61 billion, respectively.
As of March 31, 2025, there was $44.47 billion of unrecognized share-based compensation expense related to RSU awards. This unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately three years based on vesting under the award service conditions.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our tax provision for interim periods is determined using an estimated annual effective tax rate, adjusted for discrete items arising in that quarter, including excess tax benefits or shortfall tax expenses from share-based compensation and changes in unrecognized tax benefits. In each quarter, we update the estimated annual effective tax rate and make a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to significant volatility due to several factors, including our ability to accurately predict the proportion of our income (loss) before provision for income taxes in multiple jurisdictions, the U.S. tax benefits from foreign derived intangible income, and the effects of tax law changes.

Our gross unrecognized tax benefits were $16.01 billion and $15.13 billion as of March 31, 2025 and December 31, 2024, respectively. These unrecognized tax benefits were primarily accrued for the uncertainties with our research tax credits and transfer pricing with our foreign subsidiaries, which include licensing of intellectual property, providing services and other transactions. If the gross unrecognized tax benefits as of March 31, 2025 were realized in a future period, this would result in a tax benefit of $10.79 billion within our provision for income taxes at such time. The amount of interest and penalties accrued was $2.47 billion and $2.21 billion as of March 31, 2025 and December 31, 2024, respectively. We expect to continue to accrue unrecognized tax benefits for certain recurring tax positions.

In July 2016, we received a Statutory Notice of Deficiency (Notice) from the Internal Revenue Service (IRS) related to transfer pricing with our foreign subsidiaries in conjunction with the examination of the 2010 tax year. While the Notice applies only to the 2010 tax year, the IRS stated that it will also apply its position for tax years subsequent to 2010 and has done so in years covered by the second Notice described below. We do not agree with the position of the IRS and have filed a petition in the Tax Court challenging the Notice. On January 15, 2020, the IRS's amendment to answer was filed stating that it planned to assert at trial an adjustment that is higher than the adjustment stated in the Notice. The first session of the trial was completed in March 2020 and the final trial session was completed in August 2022. We expect the Tax Court to issue an opinion in 2025 which will likely provide a transfer pricing value for intellectual property transferred. This value will need to be extrapolated into income adjustments to determine the specific tax liability, which will likely remain in dispute and will not be resolved until the Tax Court enters a decision. If the IRS prevails in its updated position, this could result in an additional federal tax liability of an estimated, aggregate amount of up to approximately $9.0 billion in excess of the amounts in our originally filed U.S. return, plus interest and any penalties asserted. Once the Tax Court decision is entered, the IRS and Meta will each have the option to file an appeal to the Ninth Circuit Court of Appeals.

In March 2018, we received a second Notice from the IRS in conjunction with the examination of our 2011 through 2013 tax years. The IRS applied its position from the 2010 tax year to each of these years and also proposed new adjustments related to other transfer pricing with our foreign subsidiaries and certain tax credits that we claimed. If the IRS prevails in its position for these new adjustments, this could result in an additional federal tax liability of up to approximately $680 million in excess of the amounts in our originally filed U.S. returns, plus interest and any penalties asserted. We do not agree with the positions of the IRS in the second Notice and have filed a petition in the Tax Court challenging the second Notice.

We have previously accrued an estimated unrecognized tax benefit consistent with the guidance in Accounting Standards Codification (ASC) 740, Income Taxes, that is lower than the potential additional federal tax liability from the positions taken by the IRS in the two Notices and its Pretrial Memorandum. In addition, if the IRS prevails in its positions related to transfer pricing with our foreign subsidiaries, the additional tax that we would owe would be partially offset by a reduction in the tax that we owe under the mandatory transition tax on accumulated foreign earnings from the 2017 Tax Cuts and Jobs Act. As of March 31, 2025, we have not resolved these matters and proceedings continue in the Tax Court.
v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes our virtual, augmented, and mixed reality related consumer hardware, software, and content. Our operating segments are the same as our reportable segments.

The following table sets forth our segment information of revenue, expenses, and income (loss) from operations (in millions):
 Three Months Ended March 31,
 20252024
Family of Apps:
Revenue$41,902 $36,015 
Employee compensation (1)
(9,031)(7,445)
Other costs and expenses (2)
(11,106)(10,906)
Income from operations$21,765 $17,664 
Reality Labs:
Revenue$412 $440 
Employee compensation (1)
(2,777)(2,458)
Other costs and expenses (3)
(1,845)(1,828)
Loss from operations$(4,210)$(3,846)
Total:
Revenue$42,314 $36,455 
Employee compensation (1)
(11,808)(9,903)
Other costs and expenses(12,951)(12,734)
Income from operations$17,555 $13,818 
____________________________________
(1)Employee compensation includes employee payroll, share-based compensation, bonus, and employee benefits for medical care, retirement, insurances and other.
(2)Includes costs and expenses in FoA segment for infrastructure, professional services, partner arrangements, marketing, facilities, legal-related costs, and other expenses.
(3)Includes costs and expenses in RL segment for inventory, professional services, marketing, infrastructure, facilities, and other expenses.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net income $ 16,644 $ 12,369
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Andrew Bosworth [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On January 31, 2025, Andrew Bosworth, our Chief Technology Officer, entered into a trading plan that provides for the sale of up to 95% of the net shares received during the duration of the plan pursuant to Mr. Bosworth's outstanding equity awards and any future equity award grants. The plan will terminate on January 30, 2027, subject to early termination for certain specified events set forth in the plan.
Name Andrew Bosworth
Title Chief Technology Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date January 31, 2025
Expiration Date January 30, 2027
Arrangement Duration 729 days
Mark Zuckerberg [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On February 1, 2025, Mark Zuckerberg, our founder, Chairman, and Chief Executive Officer, entered into a trading plan that provides for the sale of an aggregate of up to 141,000 shares of our Class A common stock and 143,660 shares of our Class B common stock held by entities affiliated with Mr. Zuckerberg. The plan will terminate on November 22, 2025, subject to early termination for certain specified events set forth in the plan
Name Mark Zuckerberg
Title founder, Chairman, and Chief Executive Officer,
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 1, 2025
Expiration Date November 22, 2025
Arrangement Duration 294 days
Jennifer Newstead [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On February 11, 2025, Jennifer Newstead, our Chief Legal Officer, entered into a trading plan that provides for the sale of up to approximately 80% of the net shares received during the duration of the plan pursuant to Ms. Newstead's outstanding equity awards and any future equity award grants. The plan will terminate on May 15, 2026, subject to early termination for certain specified events set forth in the plan.
Name Jennifer Newstead
Title Chief Legal Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 11, 2025
Expiration Date May 15, 2026
Arrangement Duration 458 days
Susan Li [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On February 12, 2025, Susan Li, our Chief Financial Officer, entered into a trading plan that provides for the sale of an aggregate of up to 22,988 shares of our Class A common stock and up to all of the net shares received during the duration of the plan pursuant to Ms. Li and her spouse’s outstanding equity awards and any future equity award grants. The plan will terminate on February 20, 2026, subject to early termination for certain specified events set forth in the plan.
Name Susan Li
Title Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 12, 2025
Expiration Date February 20, 2026
Arrangement Duration 373 days
Aggregate Available 22,988
Robert M. Kimmitt [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On February 14, 2025, Robert M. Kimmitt, a member of our board of directors, entered into a trading plan that provides for the sale of an aggregate of 2,800 shares of our Class A common stock. The plan will terminate on October 17, 2025, subject to early termination for certain specified events set forth in the plan.
Name Robert M. Kimmitt
Title member of our board of directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 14, 2025
Expiration Date October 17, 2025
Arrangement Duration 245 days
Aggregate Available 2,800
Mark Zuckerberg Trading Arrangement, Class A Common Stock [Member] | Mark Zuckerberg [Member]  
Trading Arrangements, by Individual  
Aggregate Available 141,000
Mark Zuckerberg Trading Arrangement, Class B Common Stock [Member] | Mark Zuckerberg [Member]  
Trading Arrangements, by Individual  
Aggregate Available 143,660
v3.25.1
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2024.

The condensed consolidated balance sheet as of December 31, 2024 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP.

The condensed consolidated financial statements include the accounts of Meta Platforms, Inc., its subsidiaries where we have controlling financial interests, and any variable interest entities for which we are deemed to be the primary beneficiary. All intercompany balances and transactions have been eliminated.

The accompanying condensed consolidated financial statements reflect all normal recurring adjustments that are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year.
Use of Estimates
Use of Estimates

Preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities, which are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including, but not limited to, those related to loss contingencies, income taxes, valuation of long-lived assets and their associated estimated useful lives, valuation of non-marketable equity securities, revenue recognition, valuation of goodwill, credit losses of available-for-sale debt securities and accounts receivable, and fair value of financial instruments and leases. These estimates are based on management's knowledge about current events, interpretation of regulations, and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.
Significant Accounting Policies
Significant Accounting Policies

There have been no material changes to our significant accounting policies from our Annual Report on Form 10-K for the year ended December 31, 2024.
Earnings Per Share Basic EPS is computed by dividing net income by the weighted-average number of shares of our common stock outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of fully diluted common stock outstanding and assumes the conversion of our Class B common stock to Class A common stock.
Segment Reporting
We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes our virtual, augmented, and mixed reality related consumer hardware, software, and content. Our operating segments are the same as our reportable segments.
v3.25.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue disaggregated by revenue source and by segment consists of the following (in millions):
 Three Months Ended March 31,
 20252024
Advertising$41,392 $35,635 
Other revenue510 380 
Family of Apps41,902 36,015 
Reality Labs412 440 
Total revenue$42,314 $36,455 

Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions):
 Three Months Ended March 31,
 20252024
United States and Canada (1)
$16,869 $13,646 
Europe (2)
9,621 8,404 
Asia-Pacific (1)
11,239 10,312 
Rest of World (2)
4,585 4,093 
Total revenue$42,314 $36,455 
____________________________________
(1)In the first quarter of 2025, we made changes to our sales arrangements with certain Asia-Pacific advertisers to sell ads to such advertisers through their international subsidiaries. Absent these changes, approximately $300 million of revenue reflected under United States and Canada would have been reflected as Asia-Pacific revenue.
(2)Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East.
v3.25.1
Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Numerators and Denominators of Basic and Diluted EPS Computations for Common Stock
The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts):
 Three Months Ended March 31,
 20252024
Basic EPS:
Numerator
Distributed earnings$1,329 $1,273 
Undistributed earnings15,315 11,096 
Net income$16,644 $12,369 
Denominator
Shares used in computation of basic EPS (1)
2,527 2,545 
Basic EPS$6.59 $4.86 
Diluted EPS:
Numerator
Net income for diluted EPS$16,644 $12,369 
Denominator
Shares used in computation of basic EPS (1)
2,527 2,545 
Effect of dilutive RSUs63 80 
Shares used in computation of diluted EPS2,590 2,625 
Diluted EPS$6.43 $4.71 
____________________________________
(1)Includes 2,184 million and 2,197 million shares of Class A common stock and 343 million and 348 million shares of Class B common stock, for the three months ended March 31, 2025 and 2024, respectively.
v3.25.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Financial Instruments [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following tables summarize our assets measured at fair value on a recurring basis and the classification by level of input within the fair value hierarchy (in millions):
  Fair Value Measurement at Reporting Date Using
DescriptionMarch 31, 2025Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash equivalents:
Money market funds$23,437 $23,437 $— $— 
U.S. government securities494 494 — — 
Time deposits394 — 394 — 
Corporate debt securities263 — 263 — 
Total cash equivalents24,588 23,931 657 — 
Marketable securities:
U.S. government securities18,381 18,381 — — 
U.S. government agency securities2,801 2,801 — — 
Corporate debt securities17,212 — 17,212 — 
Marketable equity securities3,086 3,086 — — 
Total marketable securities41,480 24,268 17,212 — 
Restricted cash equivalents1,176 1,176 — — 
Other assets104 — — 104 
Total$67,348 $49,375 $17,869 $104 
  Fair Value Measurement at Reporting Date Using
DescriptionDecember 31, 2024Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash equivalents:
Money market funds$36,165 $36,165 $— $— 
U.S. government and agency securities23 23 — — 
Time deposits369 — 369 — 
Corporate debt securities114 — 114 — 
Total cash equivalents36,671 36,188 483 — 
Marketable securities:
U.S. government securities14,889 14,889 — — 
U.S. government agency securities3,053 3,053 — — 
Corporate debt securities14,758 — 14,758 — 
Marketable equity securities1,226 1,226 — — 
Total marketable securities33,926 19,168 14,758 — 
Restricted cash equivalents1,193 1,193 — — 
Other assets101 — — 101 
Total$71,891 $56,549 $15,241 $101 
Available-for-sale Marketable Securities
The following tables summarize our available-for-sale marketable debt securities and cash equivalents with unrealized losses as of March 31, 2025 and December 31, 2024, aggregated by major security type and the length of time that individual securities have been in a continuous loss position (in millions):
March 31, 2025
Less than 12 months12 months or greaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. government securities$2,863 $(19)$4,134 $(104)$6,997 $(123)
U.S. government agency securities248 (1)1,556 (24)1,804 (25)
Corporate debt securities1,479 (7)5,049 (125)6,528 (132)
Total$4,590 $(27)$10,739 $(253)$15,329 $(280)
December 31, 2024
Less than 12 months12 months or greaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. government securities$6,860 $(71)$4,330 $(146)$11,190 $(217)
U.S. government agency securities435 (2)2,083 (44)2,518 (46)
Corporate debt securities2,989 (26)6,373 (192)9,362 (218)
Total$10,284 $(99)$12,786 $(382)$23,070 $(481)
Marketable Securities by Contractual Maturities
The following table classifies our marketable debt securities by contractual maturities (in millions):
March 31, 2025
Due within one year$7,007 
Due after one year to five years31,387 
Total$38,394 
v3.25.1
Non-marketable Equity Securities (Tables)
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Non-marketable Equity Securities The following table summarizes our non-marketable equity securities that were measured using measurement alternative and equity method (in millions):
March 31, 2025December 31, 2024
Non-marketable equity securities under measurement alternative:
Initial cost$6,443 $6,342 
Cumulative upward adjustments300 300 
Cumulative impairment/downward adjustments(624)(624)
Carrying value6,119 6,018 
Non-marketable equity securities under equity method49 52 
Total non-marketable equity securities$6,168 $6,070 
v3.25.1
Property and Equipment (Tables)
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment, net consists of the following (in millions): 
March 31, 2025December 31, 2024
Land$2,680 $2,561 
Servers and network assets75,859 68,397 
Buildings48,442 47,076 
Leasehold improvements7,347 7,293 
Equipment and other7,290 7,150 
Finance lease right-of-use assets6,103 5,384 
Construction in progress32,385 26,802 
Property and equipment, gross180,106 164,663 
Less: Accumulated depreciation(46,539)(43,317)
Property and equipment, net$133,567 $121,346 
v3.25.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Activities for Dividends
The following table summarizes our dividends activities for the periods presented (in millions, except per share amounts):
Record DatePayment DateDividend Per ShareClass AClass BTotal
2025
March 14, 2025March 26, 2025$0.525 $1,145 $180 $1,325 
2024
February 22, 2024March 26, 2024$0.50 $1,099 $174 $1,273 
June 14, 2024June 26, 2024$0.50 $1,093 $173 $1,266 
September 16, 2024September 26, 2024$0.50 $1,090 $172 $1,262 
December 16, 2024December 27, 2024$0.50 $1,095 $172 $1,267 
Share-Based Payment Arrangement, Expensed and Capitalized, Amount
The following table summarizes our share-based compensation expense, which consists of RSU expense, by line item in our condensed consolidated statements of income (in millions):
Three Months Ended March 31,
20252024
Cost of revenue$271 $221 
Research and development3,427 2,911 
Marketing and sales236 226 
General and administrative213 204 
Total$4,147 $3,562 
Restricted Stock Units Award Activity
The following table summarizes the activities for our unvested RSUs for the three months ended March 31, 2025:
Number of SharesWeighted-Average Grant Date Fair Value Per Share
(in thousands)
Unvested at December 31, 2024122,632 $302.27 
Granted26,413 $592.50 
Vested(15,652)$272.36 
Forfeited(6,186)$293.84 
Unvested at March 31, 2025127,207 $366.63 
v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table sets forth our segment information of revenue, expenses, and income (loss) from operations (in millions):
 Three Months Ended March 31,
 20252024
Family of Apps:
Revenue$41,902 $36,015 
Employee compensation (1)
(9,031)(7,445)
Other costs and expenses (2)
(11,106)(10,906)
Income from operations$21,765 $17,664 
Reality Labs:
Revenue$412 $440 
Employee compensation (1)
(2,777)(2,458)
Other costs and expenses (3)
(1,845)(1,828)
Loss from operations$(4,210)$(3,846)
Total:
Revenue$42,314 $36,455 
Employee compensation (1)
(11,808)(9,903)
Other costs and expenses(12,951)(12,734)
Income from operations$17,555 $13,818 
____________________________________
(1)Employee compensation includes employee payroll, share-based compensation, bonus, and employee benefits for medical care, retirement, insurances and other.
(2)Includes costs and expenses in FoA segment for infrastructure, professional services, partner arrangements, marketing, facilities, legal-related costs, and other expenses.
(3)Includes costs and expenses in RL segment for inventory, professional services, marketing, infrastructure, facilities, and other expenses.
v3.25.1
Summary of Significant Accounting Policies (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Jan. 01, 2025
Property, Plant and Equipment      
Increase (decrease) in depreciation expense $ 3,840 $ 3,330  
Increase (decrease) in net income $ 16,644 $ 12,369  
Increase (decrease) in diluted EPS (in dollars per share) $ 6.43 $ 4.71  
Change in Service Life      
Property, Plant and Equipment      
Increase (decrease) in depreciation expense $ (826)    
Increase (decrease) in net income $ 695    
Increase (decrease) in diluted EPS (in dollars per share) $ 0.27    
Servers and Network Assets Components Stored By Suppliers      
Property, Plant and Equipment      
Estimated useful lives     5 years 6 months
v3.25.1
Revenue - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Revenue $ 42,314 $ 36,455
United States and Canada    
Disaggregation of Revenue [Line Items]    
Revenue 16,869 13,646
Revenue subject to change in sales arrangements 300  
Europe    
Disaggregation of Revenue [Line Items]    
Revenue 9,621 8,404
Asia-Pacific (1)    
Disaggregation of Revenue [Line Items]    
Revenue 11,239 10,312
Rest Of World    
Disaggregation of Revenue [Line Items]    
Revenue 4,585 4,093
Family of Apps    
Disaggregation of Revenue [Line Items]    
Revenue 41,902 36,015
Reality Labs    
Disaggregation of Revenue [Line Items]    
Revenue 412 440
Advertising | Family of Apps    
Disaggregation of Revenue [Line Items]    
Revenue 41,392 35,635
Other revenue | Family of Apps    
Disaggregation of Revenue [Line Items]    
Revenue $ 510 $ 380
v3.25.1
Revenue - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Total deferred revenue balance $ 778 $ 772
v3.25.1
Earnings per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Class A | Restricted Stock Units (RSUs)    
Earnings Per Share, Basic, by Common Class, Including Two Class Method    
Shares excluded from EPS calc (in shares) 1 5
v3.25.1
Earnings per Share - Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Numerator    
Distributed earnings $ 1,329 $ 1,273
Undistributed earnings 15,315 11,096
Net income $ 16,644 $ 12,369
Denominator    
Shares used in computation of basic EPS (in shares) 2,527 2,545
Basic EPS (in dollars per share) $ 6.59 $ 4.86
Numerator    
Net income for diluted EPS $ 16,644 $ 12,369
Denominator    
Shares used in computation of basic EPS (in shares) 2,527 2,545
Weighted-average effect of dilutive RSUs (in shares) 63 80
Shares used in computation of diluted EPS (in shares) 2,590 2,625
Diluted EPS (in dollars per share) $ 6.43 $ 4.71
Class A    
Denominator    
Shares used in computation of basic EPS (in shares) 2,184 2,197
Denominator    
Shares used in computation of basic EPS (in shares) 2,184 2,197
Class B    
Denominator    
Shares used in computation of basic EPS (in shares) 343 348
Denominator    
Shares used in computation of basic EPS (in shares) 343 348
v3.25.1
Financial Instruments - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: $ 24,588 $ 36,671
Marketable securities: 38,394  
Marketable equity securities 3,086 1,226
Total marketable securities 41,480 33,926
Restricted cash equivalents 1,176 1,193
Other assets 104 101
Total 67,348 71,891
U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 18,381 14,889
U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 2,801 3,053
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 17,212 14,758
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 23,437 36,165
U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 494  
Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 394 369
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 263 114
U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents:   23
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 23,931 36,188
Marketable equity securities 3,086 1,226
Total marketable securities 24,268 19,168
Restricted cash equivalents 1,176 1,193
Other assets 0 0
Total 49,375 56,549
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 18,381 14,889
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 2,801 3,053
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 23,437 36,165
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 494  
Quoted Prices in Active Markets for Identical Assets (Level 1) | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents:   23
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 657 483
Marketable equity securities 0 0
Total marketable securities 17,212 14,758
Restricted cash equivalents 0 0
Other assets 0 0
Total 17,869 15,241
Significant Other Observable Inputs (Level 2) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Significant Other Observable Inputs (Level 2) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Significant Other Observable Inputs (Level 2) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 17,212 14,758
Significant Other Observable Inputs (Level 2) | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Significant Other Observable Inputs (Level 2) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0  
Significant Other Observable Inputs (Level 2) | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 394 369
Significant Other Observable Inputs (Level 2) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 263 114
Significant Other Observable Inputs (Level 2) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents:   0
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Marketable equity securities 0 0
Total marketable securities 0 0
Restricted cash equivalents 0 0
Other assets 104 101
Total 104 101
Significant Unobservable Inputs (Level 3) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Significant Unobservable Inputs (Level 3) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Significant Unobservable Inputs (Level 3) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Marketable securities: 0 0
Significant Unobservable Inputs (Level 3) | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Significant Unobservable Inputs (Level 3) | U.S. government securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0  
Significant Unobservable Inputs (Level 3) | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: 0 0
Significant Unobservable Inputs (Level 3) | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents: $ 0 0
Significant Unobservable Inputs (Level 3) | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents:   $ 0
v3.25.1
Financial Instruments - Available-for-sale Marketable Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Marketable Securities [Line Items]    
Less than 12 months, fair value $ 4,590 $ 10,284
Less than 12 months, unrealized losses (27) (99)
12 months or greater, fair value 10,739 12,786
12 months or greater, unrealized losses (253) (382)
Fair value 15,329 23,070
Unrealized losses (280) (481)
U.S. government securities    
Marketable Securities [Line Items]    
Less than 12 months, fair value 2,863 6,860
Less than 12 months, unrealized losses (19) (71)
12 months or greater, fair value 4,134 4,330
12 months or greater, unrealized losses (104) (146)
Fair value 6,997 11,190
Unrealized losses (123) (217)
U.S. government agency securities    
Marketable Securities [Line Items]    
Less than 12 months, fair value 248 435
Less than 12 months, unrealized losses (1) (2)
12 months or greater, fair value 1,556 2,083
12 months or greater, unrealized losses (24) (44)
Fair value 1,804 2,518
Unrealized losses (25) (46)
Corporate debt securities    
Marketable Securities [Line Items]    
Less than 12 months, fair value 1,479 2,989
Less than 12 months, unrealized losses (7) (26)
12 months or greater, fair value 5,049 6,373
12 months or greater, unrealized losses (125) (192)
Fair value 6,528 9,362
Unrealized losses $ (132) $ (218)
v3.25.1
Financial Instruments - Contractual Maturities of Marketable Debt Securities (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Contractual Maturities of Marketable Securities  
Due within one year $ 7,007
Due after one year to five years 31,387
Total $ 38,394
v3.25.1
Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]    
Initial cost $ 6,443 $ 6,342
Cumulative upward adjustments 300 300
Cumulative impairment/downward adjustments (624) (624)
Carrying value 6,119 6,018
Non-marketable equity securities under equity method 49 52
Total non-marketable equity securities $ 6,168 $ 6,070
v3.25.1
Property and Equipment - Summary (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment    
Finance lease right-of-use assets $ 6,103 $ 5,384
Property and equipment, gross 180,106 164,663
Less: Accumulated depreciation (46,539) (43,317)
Property and equipment, net 133,567 121,346
Land    
Property, Plant and Equipment    
Property and equipment, gross 2,680 2,561
Servers and network assets    
Property, Plant and Equipment    
Property and equipment, gross 75,859 68,397
Buildings    
Property, Plant and Equipment    
Property and equipment, gross 48,442 47,076
Leasehold improvements    
Property, Plant and Equipment    
Property and equipment, gross 7,347 7,293
Equipment and other    
Property, Plant and Equipment    
Property and equipment, gross 7,290 7,150
Construction in progress    
Property, Plant and Equipment    
Property and equipment, gross $ 32,385 $ 26,802
v3.25.1
Property and Equipment - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Jan. 01, 2025
Property, Plant and Equipment      
Depreciation $ 3,840 $ 3,330  
Servers and network assets      
Property, Plant and Equipment      
Depreciation $ 2,630 $ 2,350  
Servers and Network Assets Components Stored By Suppliers      
Property, Plant and Equipment      
Estimated useful lives     5 years 6 months
v3.25.1
Long-term Debt (Details) - Senior Notes - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Debt Instrument    
Debt instrument, face amount $ 28,830 $ 28,830
Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)    
Debt Instrument    
Long-term debt, fair value $ 28,160 $ 27,830
v3.25.1
Commitments and Contingencies - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended
Nov. 18, 2024
EUR (€)
Jul. 24, 2024
Jun. 24, 2024
appeal
Dec. 22, 2022
USD ($)
Jul. 27, 2018
classAction
Apr. 30, 2025
EUR (€)
Apr. 30, 2020
USD ($)
Mar. 31, 2025
USD ($)
objector
May 12, 2023
EUR (€)
Loss Contingencies [Line Items]                  
Operating and finance leases not yet commenced               $ 35,270  
Non-cancelable contractual obligations               30,050  
Contractual obligations due in 2025               $ 23,410  
Amount awarded to other party       $ 725          
Number of objectors that appealed final approval | objector               2  
Number of appeals voluntarily dismissed | appeal     1            
Required period to report to circuit court   30 days              
Number of class actions filed | classAction         2        
FTC Inquiry                  
Loss Contingencies [Line Items]                  
Payment of penalty for settlement             $ 5,000    
IDPC Inquiry                  
Loss Contingencies [Line Items]                  
Loss contingency accrual | €                 € 1,200
European Commission, Statement of Objections                  
Loss Contingencies [Line Items]                  
Imposed fine | € € 798                
European Commission, Subscription For No Ads | Subsequent Event                  
Loss Contingencies [Line Items]                  
Imposed fine | €           € 200      
v3.25.1
Stockholders' Equity - Capital Return Program (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award      
Remaining authorized repurchase amount $ 37,950    
Shares repurchased and retired $ 13,398 $ 14,635  
Percent increase in cash dividends 5.00%    
January 2017 Share Repurchase Program      
Share-based Compensation Arrangement by Share-based Payment Award      
Remaining authorized repurchase amount     $ 51,280
Class A      
Share-based Compensation Arrangement by Share-based Payment Award      
Shares repurchased and retired (in shares) 19    
Shares repurchased and retired $ 13,400    
v3.25.1
Stockholders' Equity - Schedule of Dividend & dividend Equivalent Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dividends Payable [Line Items]          
Dividends per share (in dollars per share) $ 0.525       $ 0.50
Payment of dividends $ 1,325 $ 1,267 $ 1,262 $ 1,266 $ 1,273
Class A          
Dividends Payable [Line Items]          
Dividends per share (in dollars per share) $ 0.525 $ 0.50 $ 0.50 $ 0.50 $ 0.50
Payment of dividends $ 1,145 $ 1,095 $ 1,090 $ 1,093 $ 1,099
Class B          
Dividends Payable [Line Items]          
Dividends per share (in dollars per share) $ 0.525 $ 0.50 $ 0.50 $ 0.50 $ 0.50
Payment of dividends $ 180 $ 172 $ 172 $ 173 $ 174
v3.25.1
Stockholders' Equity - Share-based Compensation Plans (Detail)
shares in Millions
Mar. 31, 2025
shares
Equity Incentive Plan 2012  
Share-based Compensation Arrangement by Share-based Payment Award  
Equity incentive plan shares authorized (in shares) 465
v3.25.1
Stockholders' Equity - Summary of Share-Based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award    
Total $ 4,147 $ 3,562
Cost of revenue    
Share-based Compensation Arrangement by Share-based Payment Award    
Total 271 221
Research and development    
Share-based Compensation Arrangement by Share-based Payment Award    
Total 3,427 2,911
Marketing and sales    
Share-based Compensation Arrangement by Share-based Payment Award    
Total 236 226
General and administrative    
Share-based Compensation Arrangement by Share-based Payment Award    
Total $ 213 $ 204
v3.25.1
Stockholders' Equity - Restricted Stock Units (Details) - Restricted Stock Units (RSUs)
shares in Thousands
 3 Months Ended
Mar. 31, 2025
$ / shares
shares
Number of Shares  
Unvested at beginning of period (in shares) | shares 122,632
Granted (in shares) | shares 26,413
Vested (in shares) | shares (15,652)
Forfeited (in shares) | shares (6,186)
Unvested at end of period (in shares) | shares 127,207
Weighted-Average Grant Date Fair Value Per Share  
Unvested at beginning of period (in dollars per share) | $ / shares $ 302.27
Granted (in dollars per share) | $ / shares 592.50
Vested (in dollars per share) | $ / shares 272.36
Forfeited (in dollars per share) | $ / shares 293.84
Unvested at end of period (in dollars per share) | $ / shares $ 366.63
v3.25.1
Stockholders' Equity - Additional Award Disclosures (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award    
Unrecognized share-based compensation expense $ 44,470  
Unrecognized share-based compensation expense recognition period (in years) 3 years  
Restricted Stock Units (RSUs)    
Share-based Compensation Arrangement by Share-based Payment Award    
Fair value of vested RSUs $ 11,530 $ 7,580
Tax benefit $ 2,360 $ 1,610
v3.25.1
Income Taxes (Details)
$ in Millions
 1 Months Ended
Mar. 31, 2018
USD ($)
notice
Jul. 31, 2016
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Income Tax Contingency [Line Items]        
Unrecognized tax benefits     $ 16,010 $ 15,130
Unrecognized tax benefits that would result in tax benefit if realized     10,790  
Accrued interest and penalties     $ 2,470 $ 2,210
Tax Year 2010 | Internal Revenue Service (IRS)        
Income Tax Contingency [Line Items]        
Income tax examination, estimate of possible loss   $ 9,000    
Tax Years 2011 Through 2013 | Internal Revenue Service (IRS)        
Income Tax Contingency [Line Items]        
Income tax examination, estimate of possible loss $ 680      
Number of notices | notice 2      
v3.25.1
Segment Information - Narrative (Details)
 3 Months Ended
Mar. 31, 2025
reportable_segment
Segment Reporting [Abstract]  
Number of reportable segments (in segments) 2
v3.25.1
Segment Information - Segment Information of Revenue and Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Revenue $ 42,314 $ 36,455
Employee compensation (11,808) (9,903)
Other costs and expenses (12,951) (12,734)
Income (loss) from operations 17,555 13,818
Family of Apps    
Segment Reporting Information [Line Items]    
Revenue 41,902 36,015
Employee compensation (9,031) (7,445)
Other costs and expenses (11,106) (10,906)
Income (loss) from operations 21,765 17,664
Reality Labs    
Segment Reporting Information [Line Items]    
Revenue 412 440
Employee compensation (2,777) (2,458)
Other costs and expenses (1,845) (1,828)
Income (loss) from operations $ (4,210) $ (3,846)